AdvisorNet Financial Inc Buys 31,553 Shares of Kinder Morgan, Inc. (NYSE:KMI)

AdvisorNet Financial Inc increased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 402.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,393 shares of the pipeline company's stock after acquiring an additional 31,553 shares during the period. AdvisorNet Financial Inc's holdings in Kinder Morgan were worth $1,124,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Centricity Wealth Management LLC acquired a new stake in shares of Kinder Morgan in the 4th quarter valued at about $25,000. Hurley Capital LLC acquired a new stake in shares of Kinder Morgan in the 4th quarter valued at about $25,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Kinder Morgan in the 4th quarter valued at about $26,000. Morse Asset Management Inc acquired a new stake in shares of Kinder Morgan in the 4th quarter valued at about $27,000. Finally, Heck Capital Advisors LLC acquired a new stake in shares of Kinder Morgan in the 4th quarter valued at about $29,000. 62.52% of the stock is owned by institutional investors.

Kinder Morgan Stock Performance

NYSE KMI traded down $0.38 during trading on Wednesday, reaching $28.18. 5,347,857 shares of the company's stock were exchanged, compared to its average volume of 13,965,501. The business has a 50 day moving average price of $27.20 and a 200-day moving average price of $27.46. The stock has a market capitalization of $62.62 billion, a P/E ratio of 24.09, a PEG ratio of 3.08 and a beta of 0.74. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39. Kinder Morgan, Inc. has a fifty-two week low of $19.29 and a fifty-two week high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.34. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. The company had revenue of $4.24 billion during the quarter, compared to analysts' expectations of $4.02 billion. Sell-side analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were issued a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date of this dividend was Wednesday, April 30th. This is a boost from Kinder Morgan's previous quarterly dividend of $0.29. Kinder Morgan's payout ratio is currently 100.86%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Royal Bank of Canada lifted their price target on Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research note on Tuesday, April 29th. Scotiabank lifted their target price on Kinder Morgan from $25.00 to $26.00 and gave the company a "sector perform" rating in a research report on Monday, April 21st. Barclays raised Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 target price on the stock in a research report on Monday, March 3rd. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Kinder Morgan in a research report on Monday, May 5th. Finally, JPMorgan Chase & Co. lifted their target price on Kinder Morgan from $29.00 to $30.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $30.14.

Insider Transactions at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $27.57, for a total transaction of $496,260.00. Following the completion of the sale, the president now owns 789,652 shares in the company, valued at $21,770,705.64. The trade was a 2.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 12.73% of the company's stock.

Kinder Morgan Company Profile

Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.